VIENNA, 25 May 2021, RIDDLE&CODE FinTech Solutions, an innovative European company empowering financial institutions to handle all aspects of digital asset management, has obtained a licence as a „service provider for virtual/cryptographic tokens“ by the Austrian Financial Market Authority (FMA). RIDDLE&CODE FinTech Solutions is one of the first fintech companies in…
Read MoreIn a press release dated April 13, 2021, RIDDLE&CODE announced that leading Dutch crypto exchange LiteBit has decided to use its Token Management Platform (TMP) to scale its own infrastructure, respond to regulatory requirements and provide new functionality to its growing customer base. With this partnership, the leading Dutch crypto…
Read MoreJohn Izaguirre, who previously was Director of Business Development Europe at Ontology, joined Prosegur Crypto as Head of Sales and Partnerships. Prosegur Crypto, which is a subsidiary of Spanish security giant Prosegur, recently launched its new digital asset custody service focused on institutional clients. It is the first global security…
Read MoreThe custody and execution platform provider Copper launches a new service for institutional investors. With it, the creation of securitized token for digital asset-based products is possible. After already launching a new trading tool to minimize credit risk exposure earlier this year, Copper announced its new addition to the service…
Read MoreAs a reaction to the European Union’s 5th anti-money-laundering (AML) Directive, AMLD5, Spanish regulators tackle national anti-money laundering and terrorist financing laws which also affects the regulation requirements for digital asset companies in Spain. About AMLD5 On 19 June, 2018, the 5th anti-money-laundering Directive (Directive (EU) 2018/843) came to being….
Read MoreThe Swiss private bank Maerki Baumann & Co. AG specializes primarily in asset management but has been offering business accounts for blockchain companies and overseeing initial coin offerings (ICOs) and security token offerings (STOs) since April 2019. As stated in a press release issued by the financial institution on 29…
Read MoreThe Geneva-based Capital Markets and Technology Association (CMTA) has released a common industry standard for the custody and management of digital assets. The CMTA’s „Digital Assets Custody Standard“ (DACS), announced on April 30, 2020, aims to clarify the differences between the storage of cryptocurrencies and traditional assets and to establish basic…
Read MoreContent Basic information on the license application Notes on procedures based on the transitional provision under Section 64y KWG Notes on the subject matter of the license application (a) IT requirements (b) Reliable and professionally qualified managers (c) Number of managers required (d) Prevention of money laundering and terrorist financing…
Read More2 March 2020: Today, the BaFin published eagerly awaited information on digital assets custody business. Content I. General facts of the digital assets custody business 1. Digital Assets or private keys 2. For others 3. Safekeeping, administration, and security II Demarcation from other regulated activities III. Authorization requirement for the…
Read MoreA new German law on regulation requires every entity that holds private keys for others (e.g., bitcoin exchanges and/or bitcoin custodians) and that actively addresses the German market must become licensed as early as January 1, 2020. And to address the most common misconception right at the beginning: No, it…
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